State Bank of India eDFS

Can you tell me about the eDFS or Electronic Dealer Financing Scheme which cater to the needs of both vendors and dealers of State Bank of India (Supply Chain Finance)?

[Kiran Chandar]

State Bank of India introduces Supply Chain Finance by leveraging its state of the art technology for the convenience of the customers. It strengthens the relationship of SBI with the Corporate World by financing their supply chain partners.

State Bank of India eDFS

Electronic Dealer Financing Scheme (e-DFS) is for Financing Dealers for their purchases from Corporate Sellers.

Corporate Sellers make online requests to Bank's online platform for debiting dealer's account by providing details of invoices raised on the Dealers which results in immediate credit to corporate seller's account.

A Web based platform which:
• Provides convenient paperless banking.
• Ensures Real time online transfer of funds and MIS.
• Is fully customizable as per your business requirement.
• Is capable of being fully integrated with Corporate Enterprise Resource Planning Software (ERP)/SAP.

Benefits across the Supply Chain:

Buyer Seller Bank
Reduce the cost of goods
purchased Reduce the cost of capital
through improved Days
Sales Outstanding (DSO)
and lower finance costs. Build stronger, collaborative relationships with customers.

Reduce working capital
requirements through
improved Days Payable
Outstanding (DPO) Generate flexible, predictable
cash flow Enhance customer retention

Enjoy a more stable
supply base Gain access to low-cost
finance rates. Increase bottom line by supporting customers’ entire supply chain from end to end.

here I am looking for info related to State Bank of India (SBI) Electronic Dealer Finance System (eDFS), so will you plz let me know about the same here ??

[sumit]

State Bank of India (SBI) is an Indian multinational, public sector banking and financial services statutory body.

As you want I am telling State Bank of India (SBI) Electronic Dealer Finance System (eDFS) an application that aims to automate the loan disbursal and interest recovery process and provides a repayment model through the Internet banking and other channel system. The application is customizable for all customers who require a Dealer Discount Scheme and enjoy dealer financing limits with State Bank of India.

Bank profile

Type

Public

Traded as

NSE: SBIN

BSE: 500112

LSE: SBID

BSE SENSEX Constituent

CNX Nifty Constituent

Industry Banking, financial services

Predecessor

Imperial Bank of India (1921-1955)

Bank of Calcutta (1806-1921)

Bank of Bombay (1840-1921)

Bank of Madras (1843-1921)

State Bank of Travancore (1945-2017)

Founded

2 June 1806, Bank of Calcutta

15 April 1840, Bank of Bombay

1 July 1843, Bank of Madras

27 January 1921, Imperial Bank of India

1 July 1955, State Bank of India

Headquarters State Bank Bhawan, M.C. Road, Nariman Point, Mumbai, Maharashtra, India

Number of locations

24,000

Area served

Worldwide

Key people

Rajnish Kumar

(Chairman)

Products Retail banking, corporate banking, investment banking, mortgage loans, private
banking, wealth management, credit cards, finance and insurance

Revenue Increase₹265,100 crore (US$38 billion)(2018)

Operating income

Decrease₹15,528 crore (US$2.2 billion) (2018)

Net income

Decrease₹6,547 crore (US$950 million) (2018)

Total assets Increase₹3,312,461 crore (US$480 billion) (2018)

Owner Government of India (61.23%)

Number of employees

264,041 including 107,077 officers

(March 2018)

Parent SBI Group